Tamarac VA Loans

apply-now-today

A Tamarac Florida VA home loan is a loan issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of getting a mortgage can become easier for veterans. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Qualified for a Tamarac Florida VA Mortgage Loan?

There are four types of people who can apply for Tamarac VA loans. These are:

• Veterans who have served with the U.S. armed forces.
• Military personnel which are currently on active duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Tamarac VA Loans

Not all veteran qualifies for a VA mortgage. In order to be eligible, veterans require:

• Sufficient and consistent credit history.
• A solid means of income.
• A valid Certificate of Eligibility (COE).

The VA-guaranteed loan in Tamarac Florida is offered only when the house is for personal use of the borrower. However, the money can be used to purchase the home, build it or to make changes to it, as per the needs of the borrower.

Gathering a COE for Tamarac VA Home Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time durations of honorable service. On the other hand, the requirement criteria for the spouses of veterans to get a home loan is somewhat different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets which alive but were disabled during service.

If you think you might be eligible for a Tamarac Florida VA mortgage loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News